What Has Been The Evolution of the Mounted Bearing Market in Recent Years?
The mounted bearing market has seen considerable growth due to a variety of factors.
• The mounted bearing market has grown significantly in recent years. It will rise from $1.54 billion in 2024 to $1.65 billion in 2025 at a CAGR of 7.0%.
The historical growth is due to industrialization, the expansion of heavy industries, more investments, rising machinery loads and speeds, and the demand for specialized bearings.
How Will the Mounted Bearing Market?
The mounted bearing market is expected to maintain its strong growth trajectory in upcoming years.
• The mounted bearing market is forecast to reach $2.14 billion by 2029, growing at a CAGR of 6.6%.
The growth is attributed to the increasing population, automation and robotics adoption, focus on sustainability, rise of electric vehicles, and globalization of manufacturing. Key trends include advanced materials, smart bearings, electrification of transport, automation, and demand for application-specific solutions.
Which Factors Are Boosting Growth In The Mounted Bearing Market?
The rising demand for electric vehicles is expected to stimulate the growth of the mounted bearing market. Electric vehicles (EVs) are growing in popularity due to their environmental benefits and lower operating costs. Mounted bearings are critical in EVs, supporting motor operation, drivetrain efficiency, and wheel rotation. According to the International Energy Agency, electric car sales increased by 35% in 2023, compared to 2022, marking significant growth in the EV sector.
What Key Areas Define The Segmentation Of The Global Mounted Bearing Market?
The mounted bearing market covered in this report is segmented –
1) By Product Type: Ball Bearing, Roller Bearing
2) By Equipment: Ball Mill Drives, Fans And Blowers, Gearboxes And Transmissions, Conveyors, Crushers, Mixer Drives, Other Equipment
3) By Housing Block Type: Plummer Block, Flanged Block, Take-Up Block, Other Housing Block Types
4) By Sales Channel: Original Equipment Manufacturers, Aftermarket
5) By End User: Food And Beverages, Agriculture, Construction And Mining, Automotive And Transportation, Chemical And Pharmaceutical, Energy, General Industrial And Machinery, Pulp And Paper
Subsegments:
1) By Ball Bearing: Deep Groove Ball Bearings, Angular Contact Ball Bearings, Self-Aligning Ball Bearings, Thrust Ball Bearings, Miniature Ball Bearings, Hybrid Ball Bearings (With Ceramic Elements), Precision Ball Bearings, Sealed And Shielded Ball Bearings, Radial Ball Bearings, Ball Bearings For Automotive And Industrial Applications
2) By Roller Bearing: Cylindrical Roller Bearings, Tapered Roller Bearings, Spherical Roller Bearings, Needle Roller Bearings, Thrust Roller Bearings, Crossed Roller Bearings, Toroidal Roller Bearings, Precision Roller Bearings, Sealed And Shielded Roller Bearings, Roller Bearings For Heavy Machinery And Automotive Applications
Pre-Book The Mounted Bearing Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What New Trends Are Influencing The Mounted Bearing Market?
Leading businesses in the mounted bearing market have been concentrating their efforts on creating innovative, technologically sound solutions such as advanced bearing solutions for rocket propulsion to cater to the significant needs of various industries. These superior bearing solutions are crucial for rocket propulsion, as they assure reliability and performance by supporting high-speed rotors, managing weight, and enduring severe circumstances. For instance, in January 2024, Carter Americas, a US-based bearing supply company, introduced its superior bearing solutions for rocket propulsion as part of the Launch Canada scheme. This scheme is intended to nurture the growing aerospace industry in Canada by offering pioneering bearing technologies that increase the efficiency and dependability of rocket systems. These new bearings are built to resist the intense environment of rocket launches, guaranteeing best performance and safety during the missions. This step indicates Carter Americas' dedication to enhancing aerospace engineering and contributing to the development of state-of-the-art technologies in the Canadian space sector.
Who Are the Key Players In The Mounted Bearing Market?
Major companies operating in the mounted bearing market are:
• JTEKT Corporation
• SKF AB
• NSK Ltd.
• Rexnord Corporation
• Regal Beloit Corporation
• The Timken Company
• Wafangdian Bearing Group Corporation
• Rexnord Industries LLC
• Altra Industrial Motion Corp.
• Baldor Electric Company
• Peer Bearing Company
• Kaman Industrial Technologies Corporation
• NRB Industrial Bearings Limited
• Aurora Bearing Company
• IKO International Inc.
• Mageba SA
• Climax Metal Products Company
• Scheerer Bearing Corporation
• ISB Industries
• Dalton Bearing Service Inc.
• IPTCI Bearings
• Moline Bearing Company
• Hudson Bearings
• FYH Bearing Units USA Inc.
• Cixing Group Co. Ltd
What Is The Most Dominant Region In The Mounted Bearing Market?
North America was the largest region in the mounted bearing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mounted bearing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
